AMN Healthcare Services (NYSE:AMN) Trading 5.3% Higher Following Analyst Upgrade

AMN Healthcare Services Inc (NYSE:AMN) shares traded up 5.3% during mid-day trading on Monday after Citizens Jmp raised their price target on the stock from $22.00 to $24.00. Citizens Jmp currently has a market outperform rating on the stock. AMN Healthcare Services traded as high as $20.91 and last traded at $20.3350. 350,309 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,491,664 shares. The stock had previously closed at $19.32.

AMN has been the topic of several other reports. BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. set a $25.00 target price on AMN Healthcare Services in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. UBS Group upped their price target on AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.64.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in AMN Healthcare Services by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,388,431 shares of the company’s stock valued at $84,960,000 after purchasing an additional 16,315 shares during the period. Millennium Management LLC raised its position in shares of AMN Healthcare Services by 55.8% during the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after buying an additional 718,048 shares during the last quarter. State Street Corp lifted its holdings in shares of AMN Healthcare Services by 1.8% in the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after buying an additional 28,479 shares in the last quarter. Boston Partners boosted its position in shares of AMN Healthcare Services by 7,583.1% during the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after acquiring an additional 1,021,672 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in AMN Healthcare Services during the third quarter valued at $19,176,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Down 1.7%

The company has a quick ratio of 1.05, a current ratio of 0.94 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $790.07 million, a PE ratio of -8.21, a PEG ratio of 1.13 and a beta of 0.22. The company’s 50 day moving average is $17.98 and its two-hundred day moving average is $18.41.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $748.23 million during the quarter, compared to the consensus estimate of $723.11 million. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, analysts anticipate that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.